One Year Ago In Derivatives Week
Market observers were worried that draft proposals from Germany’s financial regulator BaFin limiting foreign counterparties’ ability to terminate contracts with German institutions would put a damper on the market (DW, 7/26). [German regulators compromised in September when they floated new proposals that suspended termination rights for only 1.5 business days in the case of a German firm’s reorganization proceeding (DW, 9/24).]
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